The price of Cardano (ADA) has dropped about 37% year-to-date, but in the last seven days, it has increased by 13.40%, suggesting the start of a potential long-term rally. Key indicators, such as the crossing of the 50-day EMA above the 100-day EMA and a potential breakout from a descending triangle, support this outlook. The 30-day MVRV ratio indicates a bullish sentiment among investors, and the RSI on the 3-day chart also suggests bullish momentum. If the positive momentum continues, ADA's price could climb by 500% within the next six months and reach $2.40. However, if the token becomes overbought, the price could drop to $0.27.



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